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Kiss that interest goodbye ...

"For centuries, people have recognised the benefit of pooling their resources through co-operatives, buyers’ clubs and investment syndicates. Savings pools, where individuals combine their savings into a larger pool of funds, can bring with them similar benefits. Members deposit funds into the savings pool, and then take turns to access the pool’s funds (to buy the fridge, the holiday or pay off a loan) on an interest-free basis."